Federal Reserve

Asian shares subdued as missile fallout weighs on sentiment

Australian shares jumped Tuesday as the central bank kept rates unchanged and signaled they wouldn't rise soon, while other Asian shares retreated ahead of a U.S. trading holiday and uncertainty over North Korea's latest missile launch.

Market fits highlight central bankers' difficult task

Sharp moves in bond and foreign exchange markets have underlined the challenge that Europe's top central bankers face as they prepare investors for the day when they will start to phase out policies that have supported the economy through financial crises and political uncertainty.